Results 1 to 10 of 10
  1. #1
    Join Date
    Sep 2019
    Posts
    3

    Default How Likely is to Be Charged with Cc Fraud

    My question involves criminal law for the state of: N.Y.

    I put down inflated income (7k more) on my online CC application and somehow CC company got a hold of my tax transcript. How likely they will report me to the authority? Would DAs going to even bother to go after credit card application dispute? I have the card (I was initially approved but they put a hold on it, it is useless) but I haven't used it yet. I am terrified. Help

  2. #2
    Join Date
    Jul 2010
    Posts
    8,006

    Default Re: How Likely is to Be Charged with Cc Fraud

    It's unlikely that any criminal charges will come of this. The more likely outcome is they close the card and flag you so you are no longer able to get another card from them.

  3. #3
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: How Likely is to Be Charged with Cc Fraud

    The chance that this would be reported to the police is so close to zero that you couldn't tell the difference. The chance of a DA prosecuting if they did is even closer to zero.

    The question should be 'how the hell they got your tax transcript?' My bet is they didn't. And a tax transcript only shows what you have been paid in the past not what you are paid now.

  4. #4
    Join Date
    Sep 2019
    Posts
    3

    Default Re: How Likely is to Be Charged with Cc Fraud

    They knew exactly how much I made and where I work. I have been researching avvo on this matter for days and vast majority of attorneys on there said this is considered fraud and you can be prosecuted for it. That's why I asked.

  5. #5
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: How Likely is to Be Charged with Cc Fraud

    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.

  6. #6
    Join Date
    Sep 2019
    Posts
    3

    Default Re: How Likely is to Be Charged with Cc Fraud

    [QUOTE=PayrolGuy;1125793]I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.[/QUOT

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.

  7. #7
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: How Likely is to Be Charged with Cc Fraud

    [QUOTE=JCin;1125794]
    Quote Quoting PayrolGuy
    View Post
    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.[/QUOT

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.
    Then by signing the application you gave them permission to pull your tax records, although, generally signing some contract like that wouldn't be good enough for the IRS. Generally it would require a signed form 4506-T.

  8. #8
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: How Likely is to Be Charged with Cc Fraud

    Quote Quoting JCin
    View Post
    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.
    You must have signed (electronically or otherwise) either a 4506-T and/or 4506T-EZ. I've never seen that done with a credit card but who knows.

    Even if you did that doesn't change my thoughts on your being prosecuted.

  9. #9
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: How Likely is to Be Charged with Cc Fraud

    Quote Quoting PayrolGuy
    View Post
    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.
    There was no victim either since the credit card was never active.

  10. #10
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: How Likely is to Be Charged with Cc Fraud

    Quote Quoting JCin
    View Post

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.
    Equifax.

    The irony is that you probably would have gotten the card without lying about your income.

    You're not likely to be prosecuted for it but you might have more to worry about if your credit got trashed because of it.

    Check your credit score and your credit reports (www.annualcreditreport.com) to see if this made a dent.

    1. Sponsored Links
       

Similar Threads

  1. Fraud: When Can You Be Charged With Insurance Fraud
    By tmoore in forum Criminal Charges
    Replies: 8
    Last Post: 04-18-2017, 07:18 PM
  2. Fraud: Charged with Fraud Over $5000
    By direct in forum Criminal Charges
    Replies: 1
    Last Post: 09-05-2010, 11:05 AM
  3. Removal (Deportation) and Reentry: Charged with Marriage Fraud
    By Dana21 in forum Immigration Issues
    Replies: 1
    Last Post: 03-04-2009, 06:42 AM
  4. Fraud: What Should You Do After Being Charged With Check Fraud
    By richter86 in forum Criminal Charges
    Replies: 2
    Last Post: 02-05-2007, 02:49 PM
  5. Retail Fraud / Shoplifting: What to do after being charged with retail fraud
    By explorien86 in forum Criminal Charges
    Replies: 8
    Last Post: 12-14-2006, 09:45 PM
 
 
Sponsored Links

Legal Help, Information and Resources